Personal Trust



A trust created for a person or persons. Personal trusts can be used by wealthy or middle-class beneficiaries to accomplish a variety of financial objectives. Personal trusts are separate legal entities that have the authority to buy, sell, hold and manage property for the benefit of their beneficiaries.


Personal trusts can take many forms. They can be revocable or irrevocable, living or testamentary. They can fund education expenses, meet special needs of beneficiaries or allow them to avoid or reduce estate taxes. They can also be separate taxable entities or pass-through entities.

  1. Declaration Of Trust

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  2. Estate

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  3. Beneficiary

    Anybody who gains an advantage and/or profits from something. In the financial ...
  4. Blind Trust

    A trust in which the executors have full discretion over the assets, and the ...
  5. Pass-Through Security

    A pool of fixed-income securities backed by a package of assets. A servicing ...
  6. Trust

    A fiduciary relationship in which one party, known as a trustor, gives another ...
  7. Incentive Trust

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  8. Guarantee Company

    A form of corporation designed to protect members from liability, but which ...
  9. Laughing Heir

    A distant relative who has inheritance rights despite not having a close, personal ...
  10. Ultimogeniture

    A system of inheritance whereby the youngest son gains possession of his deceased ...
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